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Apple pays $ 950 million to Samsung for not purchasing all of the screens

Apple is said to be behind the big check for $ 950 million cashed by Samsung Display, the branch of the Korean giant in charge of screens, of course. Last week, the company announced profit forecasts up 22.7%. As for turnover, it stood at the equivalent of 5.9 billion euros, one billion more than last year at the same time.

The “screens” activity recorded a single payment of an amount that Samsung did not want to reveal. But there is a rumor that the figure is $ 950 million and that the sum would come from Apple says Display Supply Chain. The American manufacturer would have bought fewer OLED screens than planned in the contract between the two partners for this quarter. Without this big check, Samsung Display would no doubt have posted losses.

It remains rumors of corridors, but this payment from Apple could mean that Apple saw too broad in its estimates of smartphone sales during the second quarter. A difficult period, marked by containment measures and the closure of Apple Stores. We will take the measure of Apple’s performance on July 30 during these three months, the company having to present the financial results for its quarter.

Apple a year ago paid to Samsung Display the sum of $ 683 million, again to compensate for the volume of OLED screens that ultimately remained on the shelf. At the time, iPhone sales in China were stalling.

According to a note by Digitimes Released last May, Samsung would remain Apple’s main supplier for the upcoming iPhone line-up. It would equip 3 of the 4 models planned, the 5.4 “, 6.1” and 6.7 “, leaving the 6.1” to LG and to a lesser extent to BOE.

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